Bernie Sanders Says Microsoft's Layoffs and Xbox Price Hike Show Tax Cuts 'It Never Trickles Down' - Micr

Sanders Criticizes Microsoft Over Tax Break, Layoffs And Xbox Price Hike

Sanders renewed his criticism of corporate tax breaks, pointing to Microsoft after the tech giant announced about 3,200 job cuts and raised the price of its Xbox consoles.

Microsoft Chief People Officer Amy Coleman announced that the company will eliminate 4,800 positions, representing about 2.1% of its global workforce.

The Xbox division will account for roughly 3,200 of those cuts, with 1,600 employees affected immediately and the remaining 1,600 reductions planned over the next year.

In a post on X, Sanders wrote, “Last year, Microsoft made $101 billion in profits, got a $12.5 billion tax break from Trump & paid its CEO $96 million.”